J.A.G. pondering on-site test mill
Encouraging results have been received by J.A.G. Mines (ME) from underground sampling of the Aubelle vein at the Belleterre property in northwestern Quebec. Average grade of the assays of 10 bulk samp…
1988
Crown Resource Corp acquires Carlin bet
Crown Resource Corp. (NASDAQ) has optioned a 34,000-acre exploration property in the southern portion of the Carlin trend in Elko Cty., Nev. The property, which lies about six miles southeast of Newmo…
Joly’s output exceeds early expectations
Operating results from the Jolu gold mine during November have exceeded original expectations. Operated by Corona Corp. (TSE), the mine north of La Ronge, Sask., produced 5,266 oz of gold from ore gra…
Nova-Cogesco, MSV pursuing merger
Two Quebec-based junior companies are pursuing a merger, announcement of the move coming on the heels of a takeover proposal by a gold producer of one of the juniors. Nova-Cogesco Resources (TSE) says…
Editorial Who’s in charge here?
Politics can make for some very peculiar reasoning. Take, for example, our recent general election, won by the Progressive Conservatives with what appears to be a resounding majority — 169 of 295 sea…
Glimmer Resources plans more drilling on Barnet Twp. bet (December 12, 1988)
NSR Resources (TSE) has signed a letter of intent with Master Gold, a private company, which gives Master the right to earn an interest in three of five concessions held by NSR in Rouyn Twp., Que. Mas…
Spot prices at a glance (December 12, 1988)
Week’s Price (US) Change Gold (per oz) $425.35 +$ 4.05 Silver (per oz) $ 6.11 +$ .04 Platinum (per oz) $597.00 –$ 5.00 Copper (per lb) $ 1.64 +$ 0.10 Lead (pe…
Corona Corp.
Corona Corp. (TSE) has acquired 389,121 common shares of Breakwater Resources (VSE) pursuant to a private agreement. These share combined with the 3,869,900 common shares of Breakwater already owned b…
Innovation rewarded at Redpath
During 1987, the innovation committee at J. S. Redpath Limited was established to evaluate ideas presented by employees. Since that time, many gold and silver coins have been awarded as well as dinner…
News in Brief (December 05, 1988)
City Gold Corp. has changed its name to ExtraCare Corp. (EXT:ASE) on a share-for-share basis.
Noranda bides time in pursuit of more Falconbridge shares
Wanting to give the impression it is in no hurry, Noranda Inc. (TSE) says it now intends to make normal course purchases of up to 10% of the common shares of Falconbridge Ltd. (TSE) during the next si…
Record quarter for Coeur D’Alene Mines
Lower production costs and increased gold output at the Rochester mine were factors which contributed to a record third quarter for Coeur D’Alene Mines. The company reported third- quarter income of $…